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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   10/06/2015
 
Pan African branches into coal
 
Pan African Resources has entered into agreements to acquire the Uitkomst colliery, a high grade thermal export quality coal deposit located in the Utrecht coalfields in KwaZulu Natal, South Africa, for a cash consideration of R200 million from Oakleaf Investments Holding 109 Proprietary Limited and Shanduka Resources (Proprietary) Limited.
 
The Colliery is an existing operational mine and the acquisition is expected to be immediately earnings and cash flow accretive to Pan African.
 
The Colliery is located close to the town of Newcastle, South Africa and contains a coal mineral resource of 25.7 million tonnes of which 22.1 million tonnes can be classed as  measured or indicated. The area also has additional exploration potential.
 
It currently yields and sells approximately 400,000 tonnes of coal per annum.

 
 
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